BRP Inc. (NASDAQ:DOOO) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its stake in shares of BRP Inc. (NASDAQ:DOOO) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,253,642 shares of the company’s stock after selling 365,954 shares during the period. Beutel Goodman & Co Ltd.’s holdings in BRP were worth $165,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its stake in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock worth $7,270,000 after purchasing an additional 16,379 shares during the last quarter. Alberta Investment Management Corp boosted its position in BRP by 44.2% during the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock worth $2,408,000 after acquiring an additional 14,500 shares during the last quarter. Van ECK Associates Corp grew its stake in BRP by 699.9% in the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after acquiring an additional 66,627 shares during the period. Geode Capital Management LLC raised its holdings in BRP by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after acquiring an additional 15,892 shares during the last quarter. Finally, Vestcor Inc lifted its stake in shares of BRP by 285.9% during the 4th quarter. Vestcor Inc now owns 13,090 shares of the company’s stock worth $666,000 after purchasing an additional 9,698 shares during the period.

BRP Trading Down 4.1 %

DOOO stock opened at $34.00 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 18.09 and a beta of 2.03. The business has a fifty day simple moving average of $42.54 and a 200-day simple moving average of $49.56. BRP Inc. has a 52 week low of $33.05 and a 52 week high of $75.59.

BRP (NASDAQ:DOOO) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities research analysts expect that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.1508 dividend. This is a positive change from BRP’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. This represents a $0.60 annualized dividend and a yield of 1.77%. BRP’s dividend payout ratio (DPR) is presently 30.85%.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “sell” rating and issued a $27.00 price objective (down previously from $29.00) on shares of BRP in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.40.

BRP Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.